Arab Today, arab today japans octoberdecember real gdp growth weaker than expected
Last Updated : GMT 22:04:34
Arab Today, arab today
Arab Today, arab today

Japan's October-December real GDP growth weaker than expected

Arab Today, arab today

Arab Today, arab today Japan's October-December real GDP growth weaker than expected

People look at clothes at a retail store in Tokyo
Tokyo - QNA

Japan's economy grew a weaker-than-expected annualized 2.2 percent in real terms during the final quarter of 2014, the government said Monday, suggesting the country has yet to fully recover from a recession triggered by last April's sales tax hike.
The Cabinet Office said in a preliminary report that the October-December growth in real gross domestic product corresponded to a 0.6 percent rise from the previous quarter, the first expansion in three quarters, according to Japan's (Kyodo) News Agency.
The result fell short of the average market forecast of an annualized 3.86 percent growth in a Kyodo News survey, indicating the world's third-biggest economy has yet to completely overcome the negative impact of the 3-percentage-point consumption tax increase to 8 percent in April 2014.

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Arab Today, arab today japans octoberdecember real gdp growth weaker than expected Arab Today, arab today japans octoberdecember real gdp growth weaker than expected

 



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